Common use of Allocation of Net Deferred Interest Clause in Contracts

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 Certificates, the X-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 X Certificates, the X-2 IO ComponentClass PO Certificates) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or ComponentClass. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 X Certificates on such Distribution Date will be added as principal to the outstanding Component Class Principal Balances Balance of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 PO Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 X Certificates, the X-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 Component, the PO-2 Component and X-2 PO-2 PO-3 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 X Certificates, the X-2 IO ComponentPO-1 and PO-2 Components in the amounts described in the next paragraph) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or ComponentClass. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 Component and X-2 the PO-2 Components Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (other than the Class X-1 Certificates) (or, with respect to the Class X-2 Certificates, the X-2 IO PO Component) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or ComponentClass. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-1 and Class X-2 Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 X Certificates, the X-2 IO ComponentPO Components) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or ComponentClass. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 X-1 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 X-1 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 Class PO-1A1 and X-2 PO-2 Components Class PO-1A2 Components, as applicable, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. With respect to the Class X-2A1B Certificates and each Distribution Date, any amount of Net Deferred Interest will not be added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X-1 X-2A1B Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balance of the Class PO-2A1B Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 Certificates, the X-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component and for such Distribution Date calculated at the applicable related Adjusted Cap Rate for such Class. Any Net Deferred Interest that is not allocable to any Class of MTA Certificates or ComponentLIBOR Certificates pursuant to the preceding sentence shall be allocated to the Class C Certificates and thereby increase the Overcollateralized Amount. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 X Certificates, the X-2 IO ComponentClass PO Certificates) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, in the case of the Class A-1 Certificates, subject to a maximum rate equal to the Net WAC Cap for such Distribution Date, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Componentand such Distribution Date. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 X Certificates on such Distribution Date will be added as principal to the outstanding Component Class Principal Balances Balance of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 PO Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Group 2 Mortgage Loans will be allocated among the Classes of Group 2 Senior Certificates (or, with respect to the Class X-2 Certificates, the X-2 IO Component) and Group 2 Subordinate Certificates in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or ComponentClass. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Group 2 Senior Certificates and Group 2 Subordinate Certificates (other than the Class X-2 any Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 2-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Group 2 Mortgage Loans that is allocated to the X-2 IO Component Class 2-X Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balances of the Class X-2 2-PO Certificates. With respect to the Class 2-X-B Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Group 2 Mortgage Loans that is allocated to the Class 2-X-B Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 2-PO-B Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 2-X Certificates, the X-2 IO Component2-PO Components) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or ComponentClass. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 2-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 2-X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 and X-2 PO-2 Components Class 2-PO Components, as applicable, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 CertificatesSubgroup.

Allocation of Net Deferred Interest. (a) For any Distribution Date, (i) the Senior Percentage of the Net Deferred Interest on the Mortgage Loans in a Loan Group will be allocated among allocated, in the Classes of Certificates (oraggregate, with respect to the Class X-2 Certificates, Senior Certificates in the X-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over related Senior Certificate Group and (ii) the amount Subordinated Percentage (based upon the related Subordinated Portion) of the Monthly Net Deferred Interest Distributable Amount for such Class or Component calculated at on the applicable Adjusted Cap Rate for such Class or Component. Mortgage Loans in a Loan Group will be allocated, in the aggregate, to the Subordinated Certificates. (b) On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 1-X, Class 2-X and Class B-X Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 1-X, Class 2-X and Class B-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO that Component of the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 related Principal Only Components. (i) For any Distribution Date and X-2 PO-2 Components based upon Class of LIBOR Certificates, the amount of Net Deferred Interest attributable to on the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to each Class of Certificates in an amount equal to the Class X-1 Certificates.excess, if any of

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 X Certificates, the X-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 Component and X-2 the PO-2 Components Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 X Certificates, the X-2 X-IO Component) in proportion to the excess, if any, for each such Class or X-2 X-IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 X-IO Component of the Class X-2 X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 X-PO-1 and X-2 X-PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X-2 X Certificates, the X-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 Component, the PO-2 Component, the PO-3 Component and X-2 PO-2 Components the PO-4 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any On each Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes Senior Certificates and the Subordinate Certificates. Among the Senior Certificates or Subordinate Certificates, as applicable, the Net Deferred Interest allocated to a Class of Certificates (or, with respect to the Class X-2 Certificates, the X-2 or its IO Component) in proportion Components will be an amount equal to the excess, if any, for each such Class or X-2 IO Component of of: (i) the Monthly amount of interest that accrued on such Class of Certificates or IO Component at its respective Pass-Through Rate during the Interest Distributable Amount Accrual Period related to that Distribution Date, over (ii) the amount of current interest that would have accrued at had the Pass-Through Rate for such Class, over (ii) that Class of Certificates or IO Component equaled the amount of the Monthly Interest Distributable Amount related Adjusted Loan Cap for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each that Distribution Date, any . The amount of Net Deferred Interest allocable allocated to a Class of Certificates (other than the Class X-2 Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to , provided, that the Class X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest allocated to an IO Component will be added to the Component Principal Balances Balance of the related Mortgage Loans that is allocated to PO Component with the X-2 IO Component of the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificatessame alpha-numeric designation.

Allocation of Net Deferred Interest. (a) For any Distribution Date, (i) the Senior Percentage of the Net Deferred Interest on the Mortgage Loans in a Loan Group will be allocated among allocated, in the Classes of Certificates (oraggregate, with respect to the Class X-2 Certificates, Senior Certificates in the X-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over related Senior Certificate Group and (ii) the amount Subordinated Percentage (based upon the related Subordinated Portion) of the Monthly Net Deferred Interest Distributable Amount for such Class or Component calculated at on the applicable Adjusted Cap Rate for such Class or Component. Mortgage Loans in a Loan Group will be allocate, in the aggregate, to the Subordinated Certificates. (b) On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X-2 1-X, Class 2-X and Class B-X Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X-2 1-X, Class 2-X and Class B-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO that Component of the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 related Principal Only Components. (i) For any Distribution Date and X-2 PO-2 Components based upon Class of LIBOR Certificates, the amount of Net Deferred Interest attributable to on the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to each Class of Certificates in an amount equal to the Class X-1 Certificates.excess, if any of